When will my first mortgage payment be due if we close mid month?
The most normal thing is if you close in the middle of, say February, you will pay (at closing) interest from the date of closing until the end of February. A regular house payment pays the interest for the previous month- so the next month (March) you would not have a payment. On April 1st you would owe a payment and that would be paying the interest owed from March. The mortgage does not have to be arranged like this, but every standard mortgage I have ever seen is arranged like this.
